NEWARK, N.J.--(BUSINESS WIRE)--Prudential Financial, Inc. (NYSE: PRU) announced today that Mike Estep, head of product for Group Insurance, will succeed Yanela Frias as president of its Group Insurance business following Frias’ appointment as Prudential’s CFO. The change is effective March 15, 2024. Estep will report to Caroline Feeney, head of Prudential’s U.S. Businesses. “Mike’s leadership has been instrumental in developing a long-term vision for our product strategy and driving business growth.” sai ...

Prudential (PRU) reported $13.02 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 2.9%. EPS of $2.58 for the same period compares to $2.42 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $13.07 billion, representing a surprise of -0.35%. The company delivered an EPS surprise of -3.37%, with the consensus EPS estimate being $2.67.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

Prudential (PRU) came out with quarterly earnings of $2.58 per share, missing the Zacks Consensus Estimate of $2.67 per share. This compares to earnings of $2.42 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.37%. A quarter ago, it was expected that this financial services company would post earnings of $3.16 per share when it actually produced earnings of $3.44, delivering a surprise of 8.86%.Over the last four quarters, ...

PGIM RetireWell Confidence Index: Using the Prudential financial wellness assessment, the current question used to estimate financial confidence asks respondents, “Overall, how are you feeling about your finances?” while the retirement confidence question asks, “Do you think you’ll have enough savings for the retirement you want?” The PGIM RetireWell Confidence Index is the average of the financial confidence score and the retirement confidence score. (Graphic: Business Wire)PGIM RetireWell Confidence Index ...

Wall Street analysts forecast that Prudential (PRU) will report quarterly earnings of $2.67 per share in its upcoming release, pointing to a year-over-year increase of 10.3%. It is anticipated that revenues will amount to $13.07 billion, exhibiting an increase of 3.3% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 4.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial proje ...

Prudential Financial, Inc. (PRU) is slated to report fourth-quarter 2023 earnings on Feb 6, after market close. PRU delivered a positive earnings surprise in the last reported quarter.Factors to ConsiderThe U.S. business is likely to have benefited from higher spread income, including more favorable variable investment income and lower expenses. The upside is expected to have been partially offset by lower fee income and the increase in earnings in International businesses, which primarily reflected higher ...

Prudential (PRU) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 6 ...

NEWARK, N.J.--(BUSINESS WIRE)--Historically Black colleges and universities (HBCUs) are a critical learning path for Black students seeking quality higher education in the United States. Yet, these institutions face systemic challenges in accumulating substantial endowments, a crucial factor for ensuring institutional stability and growth. A new study launched by UNCF (United Negro College Fund) and PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), explores these challeng ...

NEWARK, N.J.--(BUSINESS WIRE)--Prudential Financial, Inc. (NYSE: PRU) is collaborating with Fidelity Investments™ to address growing demand among consumers for a workplace retirement plan option that will convert participants’ retirement savings into a protected stream of income. Prudential recently launched Prudential SimplyIncomeSM — a new single-premium immediate annuity, or SPIA — within employer-based retirement plans administered by Fidelity Investments. Prudential is one of four insurers on Fideli ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they ...